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Feb 4, 2013 4:00am EST
educated labor force. so the margins for cheap labor production have shrunk so much that it's no longer plausible and the country has got to be geared towards an upgraded kind of production system in order to stay viable. and, of course, the introduction explains that china's one-child policy and the impact on the labor force, but i think it's not just the quantity of the labor force, it's the quality. china has now become the top filer of patrons, according to the world incident ur national organization. so the china's manufacturing is changing all the time. >> michael, i just want you to make this point, which is to say that, as you said, this is already an issue, which if they change policy now, makes no difference. >> no. the cohort that's coming through now is going to be about 30%, 35% less than theco hort that is 45 and 50. that cohort is too old. it's not going to have any more children. it's over, it's done. >> what are the practical implications, though? >> at the end of the day, it's all about that. a huge number of people are economically active who have their one child so t
Search Results 0 to 0 of about 1